ARS Investment Partners LLC Sells 62,343 Shares of Freeport-McMoRan Inc. $FCX

ARS Investment Partners LLC trimmed its holdings in Freeport-McMoRan Inc. (NYSE:FCX) by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 908,689 shares of the natural resource company’s stock after selling 62,343 shares during the period. Freeport-McMoRan accounts for 2.4% of ARS Investment Partners LLC’s holdings, making the stock its 13th largest position. ARS Investment Partners LLC owned 0.06% of Freeport-McMoRan worth $35,639,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Callan Family Office LLC raised its position in shares of Freeport-McMoRan by 229.9% in the 2nd quarter. Callan Family Office LLC now owns 26,983 shares of the natural resource company’s stock valued at $1,170,000 after buying an additional 18,803 shares in the last quarter. New York Life Investment Management LLC boosted its position in shares of Freeport-McMoRan by 11.8% during the 2nd quarter. New York Life Investment Management LLC now owns 215,058 shares of the natural resource company’s stock worth $9,323,000 after acquiring an additional 22,766 shares in the last quarter. Arrow Capital Pty Ltd increased its stake in Freeport-McMoRan by 88.5% in the second quarter. Arrow Capital Pty Ltd now owns 113,100 shares of the natural resource company’s stock valued at $4,903,000 after acquiring an additional 53,100 shares during the last quarter. Bourgeon Capital Management LLC raised its position in Freeport-McMoRan by 8.1% during the second quarter. Bourgeon Capital Management LLC now owns 331,549 shares of the natural resource company’s stock valued at $14,373,000 after purchasing an additional 24,803 shares in the last quarter. Finally, Foster Victor Wealth Advisors LLC raised its position in Freeport-McMoRan by 5.7% during the third quarter. Foster Victor Wealth Advisors LLC now owns 383,488 shares of the natural resource company’s stock valued at $15,213,000 after purchasing an additional 20,586 shares in the last quarter. Institutional investors and hedge funds own 80.77% of the company’s stock.

Key Freeport-McMoRan News

Here are the key news stories impacting Freeport-McMoRan this week:

• Positive Sentiment: Wells Fargo raised its price target to $55 (from $47) and maintained an overweight rating, giving investors a bullish analyst catalyst. Wells Fargo lifts FCX price target
• Positive Sentiment: Stronger copper prices and recent commentary about a sizable monthly rally have pushed upside expectations for Freeport’s earnings and cash flow, supporting the stock’s advance. Copper price coverage and upside case
• Neutral Sentiment: Zacks published pieces highlighting reasons to retain FCX (projected growth from copper expansions and liquidity), which keeps investor interest and volume elevated but notes mixed near‑term risks. Zacks: retain FCX
• Neutral Sentiment: Zacks also flagged FCX as a trending/talked‑about stock — elevated attention can boost short‑term flows but doesn’t change fundamentals immediately. Zacks: trending stock
• Negative Sentiment: Short interest climbed sharply in December — up ~35% to 28.0M shares as of Dec. 15 — increasing downside pressure and signaling more bearish positioning that could amplify volatility. (Short interest ≈2% of shares; short‑interest ratio ~1.7 days.)
• Negative Sentiment: Multiple law firms have filed or are soliciting plaintiffs in securities‑fraud class actions covering Feb. 15, 2022–Sept. 24, 2025. Ongoing litigation risk and associated legal costs can weigh on sentiment and create headline risk. PR Newswire: shareholder lawsuit notice
• Negative Sentiment: Zacks Research trimmed several near‑term EPS forecasts (Q4 and FY estimates moved slightly lower), a modest downgrade that reduces immediate earnings expectations and offsets some optimism from higher commodity prices.

Insider Buying and Selling

In other Freeport-McMoRan news, CAO Stephen T. Higgins sold 28,423 shares of the company’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $47.99, for a total value of $1,364,019.77. Following the completion of the transaction, the chief accounting officer directly owned 105,294 shares in the company, valued at approximately $5,053,059.06. This represents a 21.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Ellie L. Mikes sold 9,572 shares of the firm’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $47.66, for a total transaction of $456,201.52. Following the transaction, the chief accounting officer directly owned 38,761 shares of the company’s stock, valued at $1,847,349.26. The trade was a 19.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FCX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Freeport-McMoRan in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Freeport-McMoRan in a research report on Wednesday, November 26th. Dbs Bank decreased their target price on Freeport-McMoRan from $51.00 to $48.00 in a research report on Thursday, October 2nd. Morgan Stanley reissued an “overweight” rating and set a $53.00 target price on shares of Freeport-McMoRan in a research note on Monday, December 15th. Finally, Royal Bank Of Canada dropped their target price on shares of Freeport-McMoRan from $54.00 to $48.00 and set a “sector perform” rating for the company in a report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Freeport-McMoRan has an average rating of “Buy” and a consensus target price of $49.49.

Freeport-McMoRan Trading Up 0.1%

Shares of FCX stock opened at $51.96 on Thursday. Freeport-McMoRan Inc. has a twelve month low of $27.66 and a twelve month high of $52.29. The stock’s fifty day simple moving average is $43.12 and its 200 day simple moving average is $42.97. The company has a quick ratio of 1.19, a current ratio of 2.45 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $74.61 billion, a P/E ratio of 36.59, a P/E/G ratio of 1.17 and a beta of 1.49.

Freeport-McMoRan (NYSE:FCX) last announced its quarterly earnings results on Thursday, October 23rd. The natural resource company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. The firm had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.74 billion. Freeport-McMoRan had a return on equity of 7.84% and a net margin of 7.97%.The business’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm posted $0.38 earnings per share. As a group, sell-side analysts predict that Freeport-McMoRan Inc. will post 1.68 EPS for the current fiscal year.

Freeport-McMoRan Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 2nd. Shareholders of record on Thursday, January 15th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, January 15th. Freeport-McMoRan’s payout ratio is presently 21.13%.

Freeport-McMoRan Company Profile

Freeport-McMoRan Inc is a U.S.-based natural resources company primarily engaged in the exploration, mining and processing of copper, gold and molybdenum. Its operations encompass large-scale open-pit and underground mining as well as associated concentrator and milling facilities. The company produces copper in the form of concentrates and cathodes, and also recovers gold and molybdenum as co-products; its business model includes exploration, development, mining, beneficiation and the sale of bulk commodities to smelters and industrial customers.

Freeport-McMoRan conducts operations and development activities across multiple geographies, with substantial assets in the Americas and Indonesia.